This Coast-to-Coast Cannabis Grower Just Made a Big Move in Colorado
2021 is looking to be the year in which we find some normalcy and recovery. For Curaleaf Holdings (OTC: CURLF), a vertically integrated cannabis producer, 2021 has so far been nothing short of record-breaking. The company recently reached a milestone $1 billion in annual sales, hitting $260 million in the first quarter of this year.
That revenue figure is up 170% year over year. Adjusted EBITDA is also up, 213% year over year, and 16% sequentially, resulting in a margin of 24%. And to top it off, the company has raised guidance for the second quarter by $10 million, a lift of 3%, with expectations of topping $300 million in quarterly sales. Higher revenue was driven by new products sold into retail and wholesale channels, led by the company's most successful product launch ever, the Select Squeeze THC-infused beverage enhancer.
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Source Fool.com
